Services Sector Contribution to GDP in Turkey (1990-2022)

Services Sector Contribution to GDP in Turkey (1990-2022)

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TGM StatBox. (2024). Services Sector Contribution to GDP in Turkey (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Turkey
Published date: 2024
Note: Services (% of GDP), according to World Development Indicators, measures the contribution of the services sector (such as retail, finance, healthcare, and tourism) to a country's GDP.
Key Takeaways
Turkey’s services sector gradually expanded from 48.1% in 1990 to 57.2% in 2009, driven by tourism, finance, and retail growth. The global economic crisis of 2008 saw a temporary rise, and subsequent years stabilized around 53-56% as Turkey pursued economic reforms and trade liberalization. Despite political and economic fluctuations, services showed resilience, peaking at 56.3% in 2019. By 2022, services’ share slightly declined to 51.7% amid pandemic recovery efforts. Turkey’s services sector remains pivotal, fueled by growth in retail, real estate, and emerging tech industries.

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